Question
Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $ 5 comma 500.00 for $ 8 comma
Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $ 5 comma 500.00 for $ 8 comma 000.00 to a customer on account with terms of 4/15, n/30. The journal entry to record the cost of goods sold would be:
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
